Yarger Wealth Strategies LLC increased its stake in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 13.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,565 shares of the company’s stock after acquiring an additional 311 shares during the period. Yarger Wealth Strategies LLC’s holdings in Procter & Gamble were worth $409,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. Stableford Capital II LLC boosted its holdings in shares of Procter & Gamble by 1.1% in the 1st quarter. Stableford Capital II LLC now owns 5,817 shares of the company’s stock valued at $993,000 after purchasing an additional 61 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management boosted its holdings in shares of Procter & Gamble by 2.3% in the 1st quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company’s stock valued at $476,000 after purchasing an additional 63 shares in the last quarter. Private Management Group Inc. boosted its holdings in shares of Procter & Gamble by 4.8% in the 1st quarter. Private Management Group Inc. now owns 1,384 shares of the company’s stock valued at $236,000 after purchasing an additional 64 shares in the last quarter. Lantz Financial LLC boosted its holdings in shares of Procter & Gamble by 1.2% in the 2nd quarter. Lantz Financial LLC now owns 5,237 shares of the company’s stock valued at $834,000 after purchasing an additional 64 shares in the last quarter. Finally, Orca Investment Management LLC boosted its holdings in shares of Procter & Gamble by 2.0% in the 2nd quarter. Orca Investment Management LLC now owns 3,238 shares of the company’s stock valued at $516,000 after purchasing an additional 64 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.
Procter & Gamble Trading Down 0.6%
NYSE PG opened at $149.69 on Monday. The company has a market cap of $350.34 billion, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 3.97 and a beta of 0.36. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a twelve month low of $149.45 and a twelve month high of $180.43. The business’s fifty day moving average is $155.24 and its 200 day moving average is $159.41.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on PG shares. Wells Fargo & Company reduced their target price on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Procter & Gamble in a report on Wednesday, October 8th. UBS Group cut their price objective on Procter & Gamble from $180.00 to $176.00 and set a “buy” rating on the stock in a report on Wednesday. Berenberg Bank raised their price objective on Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a report on Wednesday, September 17th. Finally, Barclays cut their price objective on Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 1st. Eleven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average price target of $172.21.
View Our Latest Stock Analysis on PG
Insider Buying and Selling at Procter & Gamble
In other news, CEO Jon R. Moeller sold 40,119 shares of Procter & Gamble stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $6,309,515.13. Following the completion of the transaction, the chief executive officer directly owned 319,375 shares of the company’s stock, valued at approximately $50,228,106.25. This trade represents a 11.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Shailesh Jejurikar sold 13,039 shares of Procter & Gamble stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $2,050,643.53. Following the completion of the transaction, the chief operating officer directly owned 28,036 shares of the company’s stock, valued at approximately $4,409,221.72. This trade represents a 31.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 149,763 shares of company stock worth $23,421,279 over the last 90 days. Company insiders own 0.20% of the company’s stock.
Procter & Gamble Company Profile
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.
Recommended Stories
- Five stocks we like better than Procter & Gamble
- Should You Invest in Penny Stocks?
- Microsoft 365 Premium Marks the Next Phase of AI Monetization
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- Could Target’s Week of Discounts Come Full Circle for Investors?
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- 3 Reasons to Buy Sprouts Farmers Market Ahead of Earnings
Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.